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FxWirePro: Japanese yen falls in early Asia after BOJ’s comments

  • USD/JPY is currently trading around 111.45 marks.
     
  • It made intraday high at 111.57 and low at 111.00 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 110.50 marks.
     
  • A daily close above 111.05 will take the parity higher towards key resistances around 111.58, 112.20, 112.86, 114.88, 115.50, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
     
  • On the other side, a sustained close below 111.05 will drag the parity down towards key supports around 110.50, 110.09, 109.72, 106.72, 106.03 and 104.96 levels respectively.
     
  • BOJ Governor Kuroda - Japan consumer inflation likely to move around zero pct for time being, turn slightly positive ahead.
     
  • BOJ Governor Kuroda - Japan's financial system maintaining stability.
     
  • BOJ Governor Kuroda - Boj will maintain QQE with yield curve control for as long as needed to achieve 2 pct inflation in stable manner.
     
  • BOJ Governor Kuroda - BOJ will adjust monetary policy as needed to maintain economy's momentum to achieve its price target.
     
  • Japan’s February current account increase to 2813.6 bln jpy (forecast 2615.6 bln jpy) vs previous 65.5 bln jpy.
  • Market Data
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